Obama’s New Wall Street White House

January 7, 2011

Ready to fight back?

Sign up for Take Action Now and we’ll send you three meaningful actions every Tuesday.

Thank you for signing up. For more from The Nation, check out our latest issue.

Subscribe now for as little as $2 a month!

Support Progressive Journalism

The Nation is reader supported: Chip in $10 or more to help us continue to write about the issues that matter.

Fight Back!

Sign up for Take Action Now and we’ll send you three meaningful actions you can each week.

Travel With The Nation

Be the first to hear about Nation Travels destinations, and explore the world with kindred spirits.

Sign up for our Wine Club today.

Did you know you can support The Nation by drinking wine?

With Rahm Emanuel back in Chicago running for Mayor, President Obama this week appointed financial executive and former Clinton administration official William Daley as his new White House chief of staff. Daley, the Midwest chair of JPMorgan Chase, a board member of Merck and former head of SBC, also served as Al Gore’s 2000 presidential campaign, and will likely lead Obama’s 2012 re-election drive.

The problem with Daley? As The Nation‘s Ari Berman writes, "He shares the corporate centrism of Emanuel and, when it comes to economic issues, may be worse." In another move sure to please Wall Street, Obama plans today to name former Goldman Sachs consultant Gene Sperling to lead the White House National Economic Council, the post recently vacated by Lawrence Summers. Berman joined Democracy Now! this morning to explain what these appointments mean for Obama’s presidency and the future of our economy.